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It makes sense that the rate decreases - people give up hope and stop looking for jobs, or get shitty 3hrs/week jobs, and thus drop out of official statistics,
by tomp 12y ago
It makes sense that the rate decreases - people give up hope and stop looking for jobs, or get shitty 3hrs/week jobs, and thus drop out of official statistics, without any actual improvement.
- mikecb 12y agoHere's U6, which takes into account these groups: http://research.stlouisfed.org/fred2/series/U6RATE http://research.stlouisfed.org/fred2/series/U6RATE
- Touche 12y agoPresumably "giving up hope" would be evenly distributed, not all at once as to cause the rate to drop significantly.
- Varcht 12y agoNot only that but if they run out of benefits looking for a job they lose their eligibility to be "unemployed".